Wednesday, September 16, 2009

Sept. 16, 2009 Tutorial: Drawing a Bead on Goldman

We lingered on the charts of Goldman Sachs, finding several good reasons to be long right now. With a little more work, we were able to come up with several ways to buy the stock without risking much. We then segued to the E-Mini S&Ps, where we identified a rally target worth shorting with a […]
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Goldman Still the Stock to Watch

Keep in mind that Goldman remains our top market bellwether and that it's got plenty of room to run before it smacks into any significant Hidden Pivots. Be that as it may, I am offering a Pick of the Day in the Diamonds that will attempt to pick a top […]
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GS – Goldman Sachs (176.68)

Let me reiterate that, with Goldman presumably bound for at least 192.91, any pullback that lines up with Hidden Pivots is a speculative buy. Yesterday, for instance, I'd flagged a major midpoint support at 175.05 where you might have considered doing so. However, the actual low of a nasty swoon on the opening was 175.46. Although, with […]
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DIA – Diamonds (Last:97.37)

The Diamonds are creeping up on a shortable Hidden Pivot at ____. It's possible we won't get a better opportunity to lay 'em out than yesterday's 97.31 high, but if the opportunity arises today we can at least be ready. Accordingly, I'll suggest buying two October 97 puts (DAVVS) if DIA gets within 5 cents of the target. A _____ stop-loss would be appropriate. If you want to use a limit order, I estimate that the puts will be trading for about ____ with DIA at or near _____.

GCZ09 – Comex December Gold (Last:1008.60)

Looks like a minimum _____ from here, enroute to a bigger-picture target at _____ that I have more or less promised. I won't try to split hairs with chat-roomers who have been monitoring gold's every heartbeat, every microtrend, but I will pitch in with whatever camouflage entry opportunities may crop up (as one did yesterday morning). There's another in progress at this very moment (albeit with a caveat), as you can see in the accompanying chart. Notice how Tuesday's high fell between the two labeled peaks to the left.

Ben’s Pretty Sure Recession Is Over

It’s almost official: the recession is maybe, probably, technically over. Helicopter Ben said so yesterday, and who are we to argue? You can hardly blame the guy for having his head in the clouds, considering how retail sales absolutely exploded in August. Sure, it was due almost entirely to a cash-for-clunkers program that taxpayers have […]
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ESU09 – E-Mini S&P (Last:1048.00)

If I were short right now, wearing my pain on my sleeve, I'd have grown so despairing as to create near-certitude in the minds of contrarians that a very nasty swoon is at hand. We should therefore pay close attention to any signs of trouble -- meaning, for one, pullbacks that exceed their 'D' targets. While we're at it, and because no signs of trouble have developed yet, let's try bottom-fishing at the midpoint shown in the chart. The trade will of course be viable only if the downtrend plays out in a fashion similar to what I have drawn. My instructions are non-verbal, but the method you are to use should be accessible to all who have taken the Hidden Pivot course. I would encourage you to share your tactics with those in the chat room who are less adept.

Another Crushing Rebuke to Inflationists…

Here's another sharp rebuke to all the yo-yos who think inflation is just around the corner. The essay amplifies Hummel's thoughts -- published here recently -- on seigniorage, explaining why hyperinflations can occur only in currency-driven systems (such as Zimbabwe's), and not in nations like the U.S., where money has effectively been replaced by credit. Click here to […]
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The laser-like accuracy of Rick Ackerman’s forecasts are well known in the trading world, where his Hidden Pivot Method has achieved cult status. Rick’s proprietary trading/forecasting system is easy to learn, probably because he majored in English, not rocket science. Just one simple but powerful trick -- managing the risk of an ongoing trade with stop-losses based on ‘impulse legs’ – can be grasped in three minutes and put to profitable use immediately. Quite a few of his students will tell you that using ‘impulsive stops’ has paid for the course many times over.

Another secret Rick will share with you, “camouflage trading,” takes more time to master, but once you get the hang of it trading will never be the same. The technique entails identifying ultra-low-risk trade set-ups on, say, the one-minute bar chart, and then initiating trades in places where competition tends to be thin.

Most important of all, Rick will teach you how to develop market instincts (aka “horse sense”) by observing the markets each day from the fixed vantage point that only a rigorously disciplined trading system can provide.

The three-hour Hidden Pivot Course is offered live each month. If it’s more convenient, you can take it in recorded form at your leisure, as many times as you like. The course fee includes “live” trading sessions (as opposed to hypothetical ‘chalk-talk’) every Wednesday morning, access to hundreds of recorded hours of tutorial sessions, and access to an online library that will help you achieve black-belt mastery of Hidden Pivot trading techniques.

The next webinar will be held on Tuesday, April 21. Click below to register or get more information.